The $5.7B posts refer to the Oct 29 Binance hot-wallet drain, which Binance now estimates at around $6.3B, making it the largest crypto theft on record if confirmed.

The $5.7B posts refer to the Oct 29 Binance hot-wallet drain, which Binance now estimates at around $6.3B, making it the largest crypto theft on record if confirmed.

Binance says around $3B is frozen on-chain so far, including over 1.567B USDT frozen by Tether and over 800M USDC reported frozen by Circle, with Ripple, WLFI and Arbitrum also helping.

Binance says entry was via a compromised DevOps laptop reaching a service container, with no private-key leak found so far, then updated that investigators found additional breach points.

Binance says user funds are safe, losses will be covered from SAFU and company funds, deposits are normal and withdrawals were expected back in about 45-48 hours. The $5.7B figure was an early estimate, not the final tally.